Election Momentum Lifts NEPSE by 42 Points as Turnover Crosses NPR 11 Billion

The stock market continued its upward momentum on Tuesday, the second trading day of the week, with the NEPSE index closing significantly higher for the second consecutive session. Following a positive close on Sunday, the market maintained its bullish trend as the political atmosphere intensified ahead of the candidate nomination process for the House of Representatives election scheduled for Falgun 21. Growing political activity and expectations of increased liquidity during the election period have boosted investor confidence, resulting in a strong and optimistic market performance.

On Tuesday, the NEPSE index surged by 42.26 points to close at 2,714.81. Along with this, the Sensitive Index gained 7.82 points, while the Float Index and Sensitive Float Index rose by 3.19 points and 2.87 points respectively. Market turnover also increased sharply, with total trading reaching approximately NPR 11.85 billion from 339 listed stocks through more than 115,000 transactions. Gorakha Finance hit the positive circuit, while shares of Ankhu Khola Hydropower and Rapti Hydro & General Construction climbed by nearly 8 percent. In terms of turnover, NRN Infrastructure & Development led the market, and all 13 sub-indices ended the session in positive territory, with the Hotel and Tourism sub-index posting the highest gain of the day.